German automaker Volkswagen is investing C$69 million ($48 million) to acquire a 9.9% stake in lithium exploration company Patriot Battery Metals and secure an offtake commitment for its battery manufacturer PowerCo to supply 100,000 tonnes of spodumene concentrate per year over a 10-year term and a potential 5-year extension period. Patriot will use the proceeds from… Read more »
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NMG receives $50 million investment for its graphite ore-to-battery-material operations in Canada
Integrated graphite battery anode developer Nouveau Monde Graphite has received a combined equity investment of $50 million from the Canadian government’s Canada Growth Fund and the Government of Québec via its agent Investissement Québec, to continue advancing its development toward commercial operations. As the company prepares for a final investment decision regarding its Phase 2… Read more »
UK entrepreneur acquires electric snowmobile maker Taiga
Taiga Motors, which formerly positioned itself as a leader in snowmobile fleet electrification in the Nordic region and filed for creditor protection in Quebec last summer, is now under the control of a UK entrepreneur, Stewart Wilkinson. The word “taiga” means “boreal forest” or “snow forest.” Taiga also manufactures electric watercraft. In July, the company… Read more »
Nano One receives C$18 million to increase LFP cathode production in Canada
Canadian lithium-ion battery materials developer Nano One Materials has been granted C$18 million in financing from the Government of Québec to support the piloting of the company’s One-Pot process and increase production capacity at its Candiac plant. The financing includes a $15-million Canadian ($10.5-million US) loan from the Ministry of the Economy, Innovation and Energy… Read more »
GKN Hoeganaes to support First Phosphate’s LFP cathode materia development in Tennessee
GKN Hoeganaes, a division of GKN Powder Metallurgy, is collaborating with First Phosphate toward establishing a North American supply chain for lithium iron phosphate (LFP) batteries for EVs. The partnership follows GKN’s integration of First Phosphate’s magnetite into its proprietary Ancorsteel melting process. The process produces a high-purity iron powder, which serves as a precursor… Read more »
Nano One demonstrates the advantages of its One-Pot LFP cathode production process
Battery cathode active materials (CAM) developer Nano One Materials has conducted a study with chemical processing company Worley Chemetics to demonstrate the economic advantages of Nano One’s patented One-Pot process for lithium iron phosphate (LFP) cathode production. The comparative analysis showed that One-Pot could reduce total invested capital costs and operational costs of two 25,000-tonne-per-year… Read more »
FLO secures $136 million for North American EV charging network expansion
FLO, a Canada-headquartered EV charging network and infrastructure supplier, has secured $136 million in long-term capital, principally from a Series E equity financing led by Export Development Canada. Other participants were Caisse de dépôt et placement du Québec; Investissement Québec, as an agent of the Québec government; Business Development Bank of Canada; Energy Impact Partners;… Read more »
Motiv delivers 55 electric trucks to Purolator
California-headquartered Motiv, a manufacturer of Class 4 to 6 electric trucks, has completed delivery of 55 trucks to Canadian shipping company Purolator. The new trucks were ordered following Purolator’s successful pilot of five Motiv trucks in 2021. They will be used on daily routes in Richmond and Vancouver, British Columbia, and in Quebec City and… Read more »
Will designating China as an “entity of concern” spur the development of US supply chains?
The Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law have proven controversial in some quarters, but they are integral and necessary components of both programs. EVs require raw materials, many of which are disproportionately extracted and processed in countries that we don’t want to rely on. Thus, any comprehensive program to… Read more »
FLO marks sale of 100,000 EV charging stations
EV charging station provider and network operator FLO, headquartered in Québec City, Canada, has sold its 100,000th charging station, a FLO Home X5 unit to be installed in Toronto by Ridgeline Electric. FLO’s 100,000 charging stations encompass private and residential locations as well as a network of 75,000 public sites. They accommodate more than 1.5… Read more »